Ardonagh has successfully acquired PSC Insurance Group, merging its operations in Australia and New Zealand with the Envest platform to create a leading insurance distribution entity in the region.

Information on the Target

The PSC Insurance Group Limited (PSC) is a diversified insurance services company based in Australia. It has a strong presence in markets such as the United Kingdom, Hong Kong, and New Zealand, operating through various segments including Distribution, Agency, and International operations. PSC’s Distribution segment comprises several well-known brands like PSC Insurance Brokers and PSC Network Insurance Partners, further demonstrating its extensive reach within the industry.

With its comprehensive suite of broking and Managing General Agent (MGA) brands, PSC enhances the capabilities of Ardonagh by expanding its scale and service offerings in insurance distribution, making it a formidable player in the Australia and New Zealand markets.

Industry Overview in Australia and New Zealand

The insurance industry in Australia and New Zealand is characterized by a strong demand for innovative and flexible insurance solutions, influenced by both local regulations and gl